Last week’s Mortgage Strategy Awards, the 10th ceremony since the magazine’s launch in 2001, was another fantastic event.
HML has blamed restructuring costs for its £3.1m pre-tax loss in 2011, compared with a £100,000 profit in 2010. Last week, its parent Skipton Building Society reported pre-tax profits of £22.2m for 2011, down from £35m in 2010. The results revealed that HML made an operating profit of £200,000 in 2011, but restructuring costs resulted […]
Accord Mortgages’ decision to pull its product range for the second time in a month has sparked fears that smaller lenders are struggling to cope with demand. Accord withdrew all its residential products last week to maintain service levels after receiving a high volume of applications. It is expected to replace the products at some […]
A fifth of Platform’s recent buy-to-let business has come from accidental landlords – where homeowners choose to rent their existing property instead of selling it when they are looking to move to a new home.
By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]